Recently, SBI Bank raised the interest rates on its Fixed Deposits (FDs) by 75 basis points, making this conventional investment option more appealing. The latest action by SBI comprises a notable hike in FD rates for a range of tenures.
For example, the rate for deposits maturing in the range of 46 to 179 days has increased from 4.75 to 5.50 percent, while the rate for deposits maturing in the range of 180 to 210 days has increased from 5.75 to 6 percent.
SBI Fixed Deposit Interest Rates 2024
SBI FD Intrest Rates On Deposits Less Than 2 Crores
| Period | Interest Rates (per annum) | |
| General Public | Senior Citizens | |
| 7 days to 45 days | 3.50 per cent | 4.00 per cent |
| 46 days to 179 days | 5.50 per cent | 6.00 per cent |
| 180 days to 210 days | 6.00 per cent | 6.50 per cent |
| 211 days to less than 1 year | 6.25 per cent | 6.75 per cent |
| 1 year to less than 2 year | 6.80 per cent | 7.30 per cent |
| 2 years to less than 3 years | 7.00 per cent | 7.50 per cent |
| 3 years to less than 5 years | 6.75 per cent | 7.25 per cent |
| 5 years and up to 10 years | 6.50 per cent | 7.50 per cent |
| 400 days (Amrit Kalash) | 7.10 per cent | 7.60 per cent |
